Reinsurance News
MNRB Holdings Berhad, the parent company of Malaysian Re, has announced the appointment of Dato’ Rudy Rodzila Che Lamin as Interim President & Group CEO. Dato’ Rudy succeeds Zaharudin Daud who served as President & Group CEO of MNRB for th...
Posted: Dec 17, 2024
J. Scott Penny, Chief Acquisitions Officer of Brown & Brown, Inc., along with David Dybdahl and Cynthia Statz, owners of American Risk Management Resources Network, LLC (ARMR), recently announced that Brown & Brown, a national insurance in...
Posted: Dec 17, 2024
Agile Insurance Group has announced the appointment of David Hughes as Head of Marine and Deputy Active Underwriter for its Lloyd’s syndicate, Agile Underwriting Services Syndicate AUS2427. Based in London, Hughes will operate with a global mandat...
Posted: Dec 17, 2024
According to a new Lockton Market Update report, while the US commercial insurance market remains generally stable and predictable for buyers, a sense of fragility persists as insurers and business leaders monitor natural catastrophes, rising soci...
Posted: Dec 17, 2024
Specialty insurer Newline Group (Newline) has expanded its operations in Asia with the establishment of Newline Hong Kong Services Limited, appointing Carson Choi as Head of Financial Lines. The company has had a presence in Asia since 2007, when...
Posted: Dec 17, 2024
Global insurance and reinsurance broking group Howden has appointed Rohan Bhappu as Deputy Chief Executive Officer (CEO), Howden Asia, reporting to current CEO of the business, Goh Chye Huat, effective June 2025, based in Hong Kong. Bhappu will be...
Posted: Dec 17, 2024
Ivans, a provider of cloud-based software for the insurance industry, has released the November 2024 results of its Ivans Index, a key indicator of premium renewal rate changes, which reveals year-over-year increases in average renewal rates for n...
Posted: Dec 17, 2024
Global insurer and reinsurer AXIS Capital Holdings Limited and global legacy re/insurance specialist Enstar Group Limited have entered into a 75% ground-up quota share loss portfolio transfer (LPT) reinsurance agreement, designed to cover a portfo...
Posted: Dec 17, 2024
Insurer Cincinnati Financial Corporation is strengthening its leadership team to drive profitable growth in its insurance operations. Effective January 1, 2025, the company will promote experienced leaders to shape the strategies for its commercia...
Posted: Dec 17, 2024
Global risk management platform provider Risk Solved, and TCG Process, an international intelligent document processing and automation solutions provider, have partnered to enable greater end-to-end process automation of inbound documents, such as...
Posted: Dec 17, 2024
Following the Singapore Government’s announcement during the parliament sitting on October 14th and subsequent changes to the Insurance Act, Allianz Group has withdrawn its pre-conditional voluntary cash general offer to acquire a majority stake i...
Posted: Dec 16, 2024
CyberCube, a provider of cyber risk analytics for the insurance sector, has signed a multi-year partnership with Mathison Insurance Partners, in a move that will allow Mathison to deliver enhanced cyber risk solutions to its retail partners and cl...
Posted: Dec 16, 2024
Norway, through the Norwegian Agency for Development Cooperation, has provided NOK 50 million (approximately $4.5 million) to the African Risk Capacity Limited’s (ARC Ltd) Supporting Adaptation Capacity Through Increased Parametric Insurance Penet...
Posted: Dec 16, 2024
Global property and casualty insurer Chubb has appointed John Latter to lead Claims for Chubb Overseas General (COG), effective immediately, based out of London. In this new role, Latter will oversee Chubb’s claims organization in Europe, th...
Posted: Dec 16, 2024
Economic headwinds and escalating climate risks are the most pressing concerns for businesses across the Asia Pacific (APAC) region, a new survey conducted by the World Economic Forum, and released in partnership with Marsh McLennan and Zurich Ins...
Posted: Dec 16, 2024
Global insurance brokerage WTW has appointed Algirdas Dineika as the Head of Technology Consulting UK&I for WTW Insurance Consulting and Technology. In his new role, his past experience will play a key role in creating customer success and bus...
Posted: Dec 16, 2024
Independent insurance broker Lockton has unveiled its new Global Parametric Insurance Practice, created to help businesses adopt cost-effective alternative risk solutions, and address the widening gap between insured and uninsured losses. The init...
Posted: Dec 16, 2024
Chaucer, a global specialty insurance and reinsurance group, has emphasised the importance of political violence insurance for businesses with US operations due to a significant rise in public protests by US unions and workers. There has been a 30...
Posted: Dec 16, 2024
AM Specialty Insurance Group has announced the appointment of Stephen Mathews as Group Chief Financial Officer (CFO). Mathews will lead the financial strategy for AM Specialty and its affiliates under the parent organisation, AM Holding Company. S...
Posted: Dec 16, 2024
CRC Group, a wholesale specialty insurance distributor in North America, has announced that it has acquired SLB Insurance Group, a binding authority operation with offices located in Florida and Louisiana. Established in 2000, SLB particularly spe...
Posted: Dec 16, 2024
Lime Syndicate Management Limited (Lime), the wholly owned subsidiary of Somers Group Holdings Ltd., a global specialty property and casualty (P&C) reinsurance group, has received all regulatory approvals to operate as a Lloyd’s Managing...
Posted: Dec 16, 2024
International re/insurance broker Consilium has reported a 54% growth in Gross Written Premium (GWP) for the year ending June 2024, reaching nearly £700 million. The company is now aiming for £800 million by the end of this calendar year and an am...
Posted: Dec 16, 2024
Placing Platform Limited (PPL) has completed a restructure of its leadership team, as part of the ongoing transformation of the London market’s digital placement platform. According to the announcement, the new structure follows Board and go...
Posted: Dec 16, 2024
ConnectUW Holdings (ConnectUW), the parent company of Connect Underwriting Limited and other specialist reinsurance MGAs, has announced it will take ownership of Lloyd’s box number 356 starting December 23, 2024. Located in the company market sect...
Posted: Dec 16, 2024
International insurance group Ageas has announced the successful conclusion of exclusive negotiations with Saga plc, a UK specialist provider of products and services to people aged over 50, for Ageas UK to acquire Saga’s insurance underwrit...
Posted: Dec 16, 2024